About Popeyes Louisiana Kitchen
Founded in New Orleans in 1972, POPEYES® has more than 40 years of history and culinary tradition. POPEYES® distinguishes itself with a unique New Orleans style menu featuring spicy chicken, chicken tenders, fried shrimp, and other regional items. The chain’s passion for its Louisiana heritage and flavorful authentic food has allowed POPEYES® to become one of the world’s largest chicken quick service restaurants with over 3,000 restaurants in the U.S. and around the world.
Now is an exciting time to become a Popeyes® franchisee. We are always on the look out for the best talent to continue to extend our Louisiana roots throughout the rest of North America!
At Popeyes we offer franchisees the opportunity to enter our system at any size, own your own land, and run your own business while serving America’s favorite fried chicken!
The first Popeyes location opened up in New Orleans 50 years ago. The story goes that in 1971, Al Copeland started a chicken restaurant in an effort to compete with KFC. His first venture failed, but a year later he opened a restaurant called Popeyes Mighty Good Fine Chicken. Copeland quickly discovered the benefit of franchising his idea. The first franchises popped up throughout Louisiana, but Popeyes now boasts over 2,700 locations worldwide.
In early 2017, Popeyes was purchased by Restaurant Brands International, a U.S. and Canadian fast food holding company. Other properties owned under the Restaurant Brands International (RBI) umbrella are fast food juggernaut Burger King and Canada’s largest quick-service restaurant chain, Tim Hortons.
How much does a Popeyes franchise cost?
The initial franchise fee for a Popeyes restaurant is $50,000 and the total estimated investment per location is between $235,000 and $454,000. Why the large window in estimated costs? Don’t forget that real estate prices can vary greatly based on location. A franchise owner in New York City is going to have much higher real estate costs than, say, a franchise owner in Baton Rouge. So factor that in when determining where you’ll likely fall on that total investment range.
Beyond those estimated initial costs, there are ongoing fees. Of your gross sales, approximately 4% is allocated to a marketing fund and 5% covers royalty fees.
Although the initial franchise fee is $50,000, there are ways to lower it. If you qualify for their Veterans Development Incentive Program or their Women and Minorities Development Incentive Program, you may be able to trim $22,500 off the fee and get it to a far more reasonable $27,500 rate.
Popeyes franchise requirements
Popeyes requires franchisees to have a net worth of $1 million per restaurant, $500,000 of which has to be in liquid assets. Ideally, Popeyes is looking for franchisees with experience in the restaurant business. But if you don’t have restaurant experience, that’s not a dealbreaker. The key is general business experience and a clear commitment to Popeyes. If you’re interested in potential future expansion, even better.
What are we looking for in a franchisee?
This may be the right opportunity for you if:
– At Popeyes, we look for several important traits and attributes in our future franchisees including:
– You are looking for an active investment opportunity with a growing brand
– Are a results-focused, self-starter interested in running your own business
– You have previous restaurant, preferably QSR Chicken, experience with a proven track record of Southern Hospitality
– Have experience setting up or currently have an infrastructure and resources to run a successful business
– Net worth of $1,000,000
– Liquid assets of $500,000
Daniel Gonzalez, Head of Finance & Development
1976 (45 years)
Total Number of Units
3,377 (as of 2020)
Part-Time / Full-Time
Stock Ticker Symbol
How Much Does It Cost To Open A Popeyes Louisiana Kitchen Franchise?
There are several costs associated with opening a Popeyes Louisiana Kitchen franchise. There is typically a franchise fee set by the franchisor, which covers the costs of opening a franchise location. Some other commons fees include equipment fees, marketing fees, licensing fees, insurance, and taxes, to name a few.
Some franchises may have a weekly fee that the franchisee pays for operating a Popeyes Louisiana Kitchen franchise. The weekly fee for opening a Popeyes Louisiana Kitchen franchise is Royalty Fee Due Weekly.
The full breakdown of these fees can be found in the Financial Disclosure Document (FDD) provided to franchisees by the franchisor. The FDD report will contain additional information such as whether the franchise is renewable (Popeyes Louisiana Kitchen Is Renewable) and does the franchise offer financing support (Popeyes Louisiana Kitchen Popeyes Louisiana Kitchen has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory, accounts receivable, payroll).
Popeyes Louisiana Kitchen Company Details
Here are some additional details about Popeyes Louisiana Kitchen.
|Parent Company||Restaurant Brands International|
|Net Worth Requirement||$1,000,000|
|Veteran Incentives||$22,500 off franchise fee; reduced royalty fee for first six months|
|Term of Agreement||20 years|
|Run from Home||No|
Training and Support Offered By Popeyes Louisiana Kitchen
Popeyes Louisiana Kitchen offers several support options to its franchisees. With 3,377 (as of 2020) units, Popeyes Louisiana Kitchen aims to provide support to each franchise owner to help them operate a successful franchise location. Popeyes Louisiana Kitchen offers 120 hours on the job training, No classroom training, and No additional training.
Training and Support Offered
Here are the support options offered by Popeyes Louisiana Kitchen.
|On-The-Job Training||120 hours|
Is Popeyes Louisiana Kitchen Right For You?
Popeyes Louisiana Kitchen has gone digital! Here are all of the ways you can find Popeyes Louisiana Kitchen online. Oftentimes, you can reach out to current franchisees of Popeyes Louisiana Kitchen online. Current franchisees may be able to offer personalized insights into what it is like owning a Popeyes Louisiana Kitchen franchise and offer tips to running a successful Popeyes Louisiana Kitchen franchise location.
Why Should You Start a Popeyes Louisiana Kitchen Franchise?
Investing in a Food franchise such as Popeyes Louisiana Kitchen can kickstart your franchise portfolio. Our goal at Why Franchise is to provide you with the resources needed to be a successful franchise owner. Fill out the form below to get more information about Popeyes Louisiana Kitchen franchise and we'll be in touch soon!